Mukesh Ambani Next Dream Project in his Pipeline Might be Jio Coin in CryptoCurrency

         Reliance Next Dream Project May be 

           Jio Coin the next Bitcoin of India

The report comes at a time when Bitcoin has taken a major hit worldwide after 

South Korea repeats a proposed ban on such currency, fueling concern that a 

crack-down will occure on one of the world's biggest sources of demand the Bitcoin.

According to a our source, Reliance Jio Info comm is drawing up plans to 

create its own cryptocurrency, JIO COIN. The new bet, a Mint report claims, 

is the mandate of a 50-member team working on blockchain technology, which is 

being helmed by Ambani's elder son Akash Ambani.

Back in home, the finance minister, Arun Jaitley and Reserve Bank of India (RBI) 

have warned Bitcoin users on the risks such cryptocurrencies carry. Arun Jaitley has 

even said that cryptocurrency is not legalised as of now, while the RBI has made 

it clear several times that the creation, trading or usage of all virtual currencies, 

including Bitcoins, as a medium for payment are not authorised by any central bank or 

monetary authority.

While Jio has not commented on the move, the report claimed 

that Ambani's plan to tap into blockchain technology for smart 

contracts was still in the "proposed stage".

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